Varun Beverages Ltd (VBL), the key bottling partner of PepsiCo in India, has reported a strong 40% year-on-year (YoY) increase in net profit for the fourth quarter of FY2024, reaching Rs.185 crore. The robust growth was driven by higher sales volumes and strong demand across domestic and international markets.
Varun Beverages Q4 Results: Net Profit Soars 40% to Rs. 185 Crore, Dividend Declared
Key Highlights of Varun Beverages Q4 Results:
- Net Profit: Rs.185 crore, up 40% YoY
- Revenue: Reported strong double-digit growth
- Dividend: The board has announced a dividend for shareholders
- Growth Factors: Increased demand for PepsiCo beverages, efficient distribution, and expansion into new markets
Strong Performance Amid Growing Demand
The company’s continued expansion in rural areas, innovation in product offerings, and increased penetration in Tier-2 and Tier-3 cities contributed to its growth. Additionally, international sales also played a key role, helping drive overall performance.
Dividend Announcement & Market Response
VBL’s board has recommended a dividend for investors, signaling confidence in future growth prospects. Following the announcement, Varun Beverages’ stock saw positive movement in the market, reflecting strong investor sentiment.
With summer approaching and demand for carbonated soft drinks and juices rising, Varun Beverages is well-positioned for further growth in the coming quarters.
